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  2. One of the major subfields of urban economics, economies of agglomeration (or agglomeration effects), explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. This term is most often discussed in terms of economic firm productivity.
    en.wikipedia.org/wiki/Economies_of_agglomeration
    Agglomeration occurs because of the benefits that firms and workers derive from being close to one another. There is now a great deal of empirical evidence consistent with the theory of agglomeration, which indicates superior economic performance for firms and workers in larger cities and industrial concentrations.
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    Economies of agglomeration - Wikipedia

    One of the major subfields of urban economics, economies of agglomeration (or agglomeration effects), explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. This term is most often discussed in terms of economic firm productivity. However, … See more

    When firms form clusters of economic activity, particular development strategies flow into and throughout this area of economic activity. … See more

    While the existence of cities can only persist if the advantages outweigh the disadvantages, poorly planned agglomerations may … See more

    While localization and urbanization economies and their sources are crucial to sustaining agglomeration economies and cities, it is important to understand the long-term result of the function of agglomeration economies, which relates to the See more

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    Two types of economies are considered large-scale and have external economies of scale: localization and urbanization economies. … See more

    From the localization of firms, labor market pooling emerges. Large populations of skilled laborers enter the area and can exchange knowledge, ideas, and information. The … See more

    • Brueckner, Jan. "Lectures in Urban Economics." 2011. The MIT Press
    • O'Flaherty, Brendan. City Economics. Cambridge, Massachusetts; London, England. 2005. … See more

     
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